The Truth about Markets, Resonance 104.4 FM London, Saturday 04 April 2009.
(Find this show forever HERE at archive dot org)
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Michael Hudson
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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we create trusth to betray than we hide than to bailout we print.after we rob .
Stacy, Max– I’m a little drunk, so sorry if I wander.
Your comments about the banksters waving money at protesters to incite them made me sick, as did the comments about the RNC protests. I don’t understand why it’s even legal to make bets on events.
About the dead patient that is the global economy, I’m curious to know if there is a chance of bringing it back to life if all countries decide to force the zombie banks to write down their losses, go bankrupt, and go the way of all things?
You both got me thinking about which suicide term is best to describe the death wish of the banksters and their enablers. The best I could come up with–in Durkheimian terms– is collective anomic suicide.
Basic visual description of anomic suicide:
http://www.public.iastate.edu/~s2005.soc.401/summary1(jan21).pdf
Indeed, our old friend Emile Durkheim meant anomie to mean the lack of regulation in the economy.
See anomic suicide on page 5 here:
http://www.ag.auburn.edu/auxiliary/srsa/pages/Articles/SRS%202009%2024%201%20200-222.pdf
I think I just stumbled on my dissertation topic. Thanks for the help!
I’ve demanded you two in Rochester, although there’s nothing really cool around here besides the House of Guitars and a few other buildings.
This is an off-topic question to everybody, that’s been bugging me for some time now:
– If you read the example below, I am looking for an answer to is the step 1 part with the high-powered money (M0). Is that real? Is that going on today? Do banks actually have legal right to do so? Is it pure bullshit? I thought it was considered counterfeiting (if I were to do it I would go to jail, banks however…?) it just sounds plausible that it could be done, who knows what dirty secret stuff banks does!
Example:
Let us imagine that a new bank has just started up and has no depositors at all yet. However the bank’s investors have made a reserve deposit of one thousand one hundred and eleven dollars and twelve cents of existing cash money at the Central Bank (Bank of England) and the required reserve ratio is 9:1.
Step 1: The doors open and the new bank welcomes its first loan customer. The customer needs £10,000 to buy a good used car. At a 9:1 reserve ratio, the bank’s reserve at the Central Bank, also known as “REAL MONEY”, allows it to legally conjure 9 times that amount, or £10,000, into existence on the basis of the borrower’s pledge of debt. This £10,000 is not taken from anywhere. It is brand new money simply typed into the borrower’s account as bank credit. The borrower then writes a cheque on that bank credit to buy the used car.
Step 2: The seller then deposits this newly created £10,000 at his/her bank. Unlike the REAL government money deposited at the Central Bank, this newly created CREDIT (DEBT) money CANNOT be multiplied by the reserve ratio. Instead it is DIVIDED by the reserve ratio. At a ratio of 9:1, a new loan of £9,000 can be created on the basis of the £10,000 deposit.
Step 3: If that £9000 is then deposited by a third party, at the same bank that created it, or a different one, it becomes the legal basis for a third issue of bank credit, this time for the amount of £8100.
Like one of those Russian dolls, each layer of which contains a slightly smaller doll inside, each new deposit contains the potential for a slightly smaller loan in an infinitely decreasing series. Now, if the loan money created is not deposited at a bank, the process STOPS. That is the unpredictable part of the money creation mechanism.
But more likely, at every step, the new money will be deposited at a bank, and the reserve ratio process can repeat itself over and over until almost £100,000 of brand new money has been created within the banking system.
All of this new money has been created entirely from DEBT, the whole process legally authorised by the initial reserve deposit of just one thousand one hundred and eleven pounds and twelve pence, which is still sitting UNTOUCHED at the Central Bank!
(The example is a little part of the transcript taken from the film money as debt)
English sites on fractional reserve banking system do answers to the step 2 and step3 in the example but non talks about the first step, and even worse, there is little to no information at all on any Norwegian sites, we don’t even got a real name for fractional reserve banking system kreditt-ekspansjon og penge-multiplikator omtaler og er modeller men dekker egentlig ikke fullt ut begrepet) help me learn some more… anyways thanks for reading
Experts Warn of “Terminator”-Style Military-Robot Rebellion – Fox News
Transformers: Revenge of the Fallen Highres Screeners and Teaser Trailer
When Robot Programmers get bored
Terminator Salvation Slideshow
I luv you mate (I am a bloke) but everytime I watch you it seems you just got outa bed. Thats Ok for some of the home made stuff, but for national TV please brush that hair and tidy up that suit. Keep up the good work. More info on what is going on with the inflation/deflation.
Max, you should consider doing a tour of some universities in the U.S.
While your name is not the most well-known over here, I beleive a lot of the student body would be sympathetic to your views, and are indeed yearning for someone like you as an intellectual leader in these confusing times.
You could be like the Jesus of finance. Come to UNH!
I really like Max and Stacy, they are right on the spot concerning the economy.
They should do their homework concerning the Global Warming -Man made CO2 Super Scam! Otherwise they are only Agents of change and Gatekeepers giving us 95% truth with 5% crap leading to Carbon Tax going to the IMF and World Bank through Al Gore Carbon Exchange firm ….
Please Stacy & Max, focus on real pollution, not CO2 which is is food for plants and never cause temperature to rise in the past (the reverse being the case)!
I found your critics video.
http://www.mefeedia.com/entry/max-keiser-moral-problems-2nd-draft/16149917
Is it an intelligence hit job? Check out the sound track, with all its discordant tones and crossfades.
For Youri:
http://www.info4security.com/story.asp?sectioncode=11&storycode=4121852
I tried to watch that supposed “Hit piece” on Max. I could only last until the tones and such. If that was a hit piece it looks to have been done by a very simple minded person. While I take the Media with a grain of salt, the BBC and Al Jazeera are some of the better ones. I believe Al Jazeera has won some journalism awards. I am sure the BBC has. Can we say the same for the Corporate media? Keep up the good work Max and Stacy.
Hey Y’all
I meant to post this link a ncouple of weeks ago.
Some Great British snark. bbc . iplayer needed
Charlie Brooker never fails…..
http://www.bbc.co.uk/iplayer/episode/b00jf3hx/Newswipe_Episode_1
yeah its very good supergeek. very “Day Today”
Hi Rich
You’re right It gets more Chrsi Morris every second the g20 protest reporting was beyond parody. I’ve been thinking of watching(Mel Brooks) ’The Producers’ for the last couple of days it seems the plot kinda sums up lots of wots been going on.
OK bye
Jonestown! The utopian society turned psycho fascist death camp.
Dear Max,
I get that the markets being crashed to bring in a NWO, and that in money is the medium for life after air, not taxed as yet. But I have a couple of questions.
One, how much money do you think goes to the government, and how much to the banks who lend us the money/charge us for printing it. I mean do you think 5%goes for roads/health/schools etc, and 35% for the goods we buy, and the remainder fund the government machine, and pay the bankers?
Secondly, what would be the economics of a humane society look like? One which provided the basic needs of everyone (I know this sounds like communism, but I don’t mean it). After all, why would we complain if we’re being f***** if we’re prepared to impoverish others with less power or opportunity?
So, I mean, if for example energy became free as in new zero-point or whatever, and food could be grown that gave people the nutrients for their needs (could start with hemp seeds), what would such an economy look like? I feel I’m so conditioned to think in terms of serfdom earning a living for credits/money to pay tax or go to prison that Im finding a different model hard to imagine. Any thoughts?
Quote Hugo : ” They should do their homework concerning the Global Warming -Man made CO2 Super Scam!”
Maybe you should too Hugo. Global Warming is not a scam. It is provable fact.
You should go on a “Stand up” comedy tour. You constantly have me laughing even though its such a serious subject.
The g20 meeting of gamblers anon. ROFL classic.
The Great Global Warming swindle is a very good documentary.
Watch it and get deprogrammed!
The oceans emit more Co2 than mankind ever will.
Now how are the globalists going to tax the oceans.
Over 700 international scientists, including many current and former UN IPCC scientists, who have now turned against the UN IPCC. challenged man-made global warming claims made by the United Nations Intergovernemntal Panel on Climate Change (IPCC)
full report here: http://epw.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=4fabcdd2-6567-4c62-8e5b-2a1411df5804
Ah.Nix
yes it is a very interesting documentary
The Great Global Warming Swindle ‘Swindle’ (2007) by ABC (australia) is something you should also see to rip out some flaws in the original documentary.
anyway, co2 is food for plants, pollution is something to fight, and we have had global warming before and cooling before without any humans, explain that!
its a scam to terrorize the population into more taxation and control while at the same time keeping down third world development. if you don’t believe in their theory people accuse you of being pro-pollution but they are the ones who mixed the two subjects together. of course the weather changes, how banal. they even had to change the name from global warming to climate change because its getting colder, while stating that the fact that its getting colder means that its getting warmer! if i find the link I’ll send it. its just more terrorism.
People, people… you all gettin’ political – and that clouds your judgement.
Global warming and cooling are both political judgements on the phenomena of climate change.
Climate change is indisputable. So now people are carving up facts depending upon particular agendas.
Someone ought to create an index on the subject so we can see what is happening from an economic point of view. But posturing and references to hedge-fund sponsored google videos is hardly proof.
hey all – check out this great song about the debt/crack dealers
http://www.youtube.com/watch?v=dnT21hmlT4o
“I Want My Bailout Money”
I just read an intresting little fact for day the on the bbc homepage.
‘ The 10 gallons of fuel in the petrol tank of an average-sized car contain enough energy to run the electricity in an average-sized house for five years’
All I’m saying let’s all stay on our toes it will do us no harm.(especially the overweight amongst us making unessasary flights or car journeys)
The Great Global Warming swindle is a very good documentary.
Watch it and get deprogrammed!
I think it is you that needs deprogrammed. That documentary is so full of holes that it has virtually no credibility.
http://www.medialens.org/alerts/07/0313pure_propaganda_the.php
The oceans emit more Co2 than mankind ever will.
Now how are the globalists going to tax the oceans.
The ocean is a CO2 sink. Natural CO2 cycling is not the issue. And whether is emits more CO2 than humans is irrelevant. Human emissions are the problem as they are over and above the current natural cycle. Plus the human emmissions of CO2 are damaging the oceans capabilities to absorb the increased amounts of carbon. Which they are trying to do, and can be proved by rising acidity levels of the oceans.
How the globalists exploit these facts is an entirely different matter.
we have had global warming before and cooling before without any humans, explain that!
Because all the carbon that we are now emitting was at that time in the atmosphere. It caused the explosion of plantlife that subsequently decayed and was converted over time to fossil fuels (coal and oil). We are now injecting all that carbon back into the atmosphere. Also, comparing the present to a time when humans didnt exist is a pointless canard. The problem is that humans do exist and the effects of such warming are generally considered to be not good (for humans) and possibly even catastrophic.
its a scam to terrorize the population into more taxation and control while at the same time keeping down third world development.
How political leaders exploit an issue does not discredit the issue.
they even had to change the name from global warming to climate change because its getting colder
Climate change is what happens at the lower level. ie Global warming has caused the climate to change in the UK.
Over 700 international scientists, including many current and former UN IPCC scientists, who have now turned against the UN IPCC.
The IPCC only compiles the scientific work of other people. For this to be a scam it would involve thousands of scientists from all around the world. Not only that but apparently nature is in on the scam too. Birds and insects must have also got the Bilderburg memo.
For a thorough analysis of Global Warming facts and their denial watch the lecture below. I would pay particular attention to who is behind the disinformation campaigns.
http://www.youtube.com/watch?v=2T4UF_Rmlio
Max, Stacy, another great program as usual, but check this out:
there is a guy who cashes his pay check every week and he takes some of the cash and puts it in his safe deposit box at the same bank.
The clerk noticed this and told him it was illegal.
She said she didn’t know why.
Is this true?
Have you stoped uploading thruth about the markets as a podcast?
I demand Max Keiser to Sundbyberg a small suburb to Stockholm with only 30k persons living here. So lets say London with 10 million people have 30 people demanding him there I represent an overwhelming majority of the people in Sundbyberg.
RISE UP!!!
P.s I would like a t-shirt with only MAX KEISER on in in black letters, he is black after all.
Your wish is my command: http://maxkeiser.spreadshirt.net/-/-/Shop/
My name is Mr. Holipsism and I approve of this new website design and this podcast episode.
download link is busted
Does not work
http://www.archive.org/details/MaxKeiserRadio-TheTruthAboutMarkets-04April2009
Thanks for the head’s up. That’s very strange as I have never seen anything go missing on Archive.org before . .. . Will repost it tomorrow.
you know what I’d like to see?
MAX, wearing his old school English tweed workman’s cap while leading a phalanx of workers of all ethnicities and occupations on 10 Downing Street to demand their savings back. Now that my good woman, would be some T-shirt. Indeed.